David Schwartz Of Slate Property Group & Breaking Ground Acquires Multifamily Asset In Midtown For $255M

The asset involved in this transaction is a multifamily property located at 371 Seventh Avenue in the Midtown market. It was sold for a total price of $255,000,000, encompassing 470,000 square feet, resulting in a price per square foot of $542.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $255,000,000
• Address: 371 Seventh Avenue
• Market: Midtown
• Square Footage: 470,000
• Price Per Square Foot: $542
• Buyer: David Schwartz - Slate Property Group & Breaking Ground
• Seller: Sioni Group & Patriarch Equities
• Seller's Representative: David Hayum & Rael Gervis - Meridian Capital Group

This transaction involved prominent individuals and companies, with David Schwartz representing the buyers from Slate Property Group and Breaking Ground. The sellers, Sioni Group and Patriarch Equities, were represented by David Hayum and Rael Gervis from Meridian Capital Group, who facilitated the deal.